E2W Startup Creatara gets government grant of INR 3.9 cr for tech development

The grant will serve as a catalyst to accelerate development of technologically advanced vehicles for the local and global markets, the company said in a media release.

New Delhi: The Union Ministry of Heavy Industries has awarded Creatara, an innovative startup in the electric two-wheeler industry, a grant of INR 3.9 crores under the Capital Goods Scheme for the development of indigenous technology.

The grant will serve as a catalyst to accelerate development of technologically advanced vehicles for the local and global markets, the company said in a media release.

Vikas Gupta, CEO, Creatara, said, “This grant is a testament to the dedication and hard work of our team at Creatara. We are honoured to receive this support from the Ministry of Heavy Industries ( GOI). This will motivate us to continue our mission of revolutionizing the electric two-wheeler market.”

Creatara is poised to leverage this significant investment to further enhance its research and development efforts, with a focus on advancing indigenous technology for electric vehicles. By harnessing innovation and sustainability, Creatara aims to contribute significantly to India’s vision of a greener, cleaner future, the release added.